Waste Management, Inc. (NYSE:WM) has earned an average rating of “Buy” from the sixteen ratings firms that are currently covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $119.60.
A number of equities research analysts have weighed in on WM shares. Stifel Nicolaus set a $125.00 target price on shares of Waste Management and gave the company a “buy” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. started coverage on shares of Waste Management in a research note on Wednesday, August 7th. They set a “neutral” rating and a $120.00 target price for the company. Bank of America lowered shares of Waste Management from a “buy” rating to a “neutral” rating in a research note on Friday, October 18th. Jefferies Financial Group started coverage on shares of Waste Management in a research note on Thursday. They set a “hold” rating and a $120.00 target price for the company. Finally, Macquarie reiterated an “outperform” rating and set a $130.00 target price on shares of Waste Management in a research note on Wednesday, September 4th.
Shares of WM opened at $110.77 on Friday. The firm has a market cap of $47.18 billion, a PE ratio of 26.37, a P/E/G ratio of 3.10 and a beta of 0.60. The company has a current ratio of 1.86, a quick ratio of 1.82 and a debt-to-equity ratio of 1.94. The firm has a fifty day simple moving average of $113.37 and a two-hundred day simple moving average of $114.33. Waste Management has a 1-year low of $83.49 and a 1-year high of $121.77.
Waste Management (NYSE:WM) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. The business had revenue of $3.97 billion during the quarter, compared to analyst estimates of $4 billion. Waste Management had a net margin of 11.35% and a return on equity of 28.63%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.15 EPS. As a group, research analysts forecast that Waste Management will post 4.35 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.512 per share. This represents a $2.05 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, December 5th. Waste Management’s payout ratio is 48.81%.
In other news, SVP Tara J. Hmmer sold 4,739 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $118.04, for a total transaction of $559,391.56. Following the completion of the sale, the senior vice president now owns 23,470 shares of the company’s stock, valued at approximately $2,770,398.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Charles C. Boettcher sold 589 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $115.95, for a total transaction of $68,294.55. Following the sale, the senior vice president now directly owns 3,147 shares of the company’s stock, valued at approximately $364,894.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,505 shares of company stock valued at $2,047,598. Insiders own 0.14% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Howe & Rusling Inc. boosted its holdings in Waste Management by 139.6% in the 3rd quarter. Howe & Rusling Inc. now owns 218 shares of the business services provider’s stock worth $25,000 after buying an additional 127 shares during the period. Krane Funds Advisors LLC purchased a new stake in Waste Management in the 2nd quarter worth $25,000. Financial Gravity Wealth Inc. lifted its stake in Waste Management by 133.1% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 282 shares of the business services provider’s stock worth $33,000 after purchasing an additional 161 shares in the last quarter. Personal Wealth Partners purchased a new stake in Waste Management in the 2nd quarter worth $35,000. Finally, Next Capital Management LLC lifted its stake in Waste Management by 119.6% in the 2nd quarter. Next Capital Management LLC now owns 325 shares of the business services provider’s stock worth $37,000 after purchasing an additional 177 shares in the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.
Waste Management Company Profile
Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.
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